Business Treasury Management / Bill Payment and Presentment

Remote Payment and Presentment Service

Boost your company's operational efficiency by reducing the number of checks received and the employee hours devoted to manual payment processing. Frost has partnered with MasterCard RPPS and Fiserv to offer you Remote Payment and Presentment Service. A service that offers a single point of connectivity to virtually every consumer in the United States who is paying bills online through a financial institution's bill pay website.

Online bill pay lets customers pay bills through a trusted provider, such as a bank or service provider. Electronic payments post faster, more accurately and at a much lower cost than paper checks. With the help of MasterCard RPPS and Fiserv, Frost is now taking that service concept even further and processing bill payments as ACH transactions instead of mailing paper checks to you, the biller. Settlement and payment data are combined for electronic delivery with multiple billers being combined to a single credit and file.
 

How it Works
  • Consumer makes payment through their bank’s bill pay web portal
  • Payment transmits to Fiserv or MasterCard RPPS, which batches payments
  • Fiserv or MasterCard RPPS processes one payment file for Frost
  • Frost receives payment data and funds to deposit into your account
  • You receive data files and funds from Frost

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